We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
Jewellery, Gem & Technology Dubai to Debut in 2022
Dubai: Get ready for one of the jewellery world’s most powerful marketplaces for product discovery, meaningful connections and inspired thinking – Jewellery, Gem & Technology Dubai (JGT Dubai). Envisioned as a high-impact jewellery sourcing experience, JGT Dubai will have its inaugural edition on 22 – 24 February 2022 at the Dubai World Trade Centre (DWTC). The three-day sourcing event is a joint venture of
WDC and RJC Enter Cross-Membership Partnership
New York: The World Diamond Council (WDC) and Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct. The two leading diamond and jewellery industry organisations are dedicated to the adoption of responsible business practices across the supply chain, and this partnership will help increase knowledge-sharing, pilot new initiatives, and increase the positive impact
GJEPC Organises Series of Virtual Buyer Seller Meets
Mumbai: Diamond studded Jewellery Virtual Buyer Seller Meet (VBSM) is held from 17th to 19th March 2021. This will be followed by Loose Diamond VBSM (to be held from 24th – 26th March 2021) and later by Platinum Jewellery VBSM Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems and jewellery trade in India, in its endeavor to
Reena Ahluwalia Launches Diamond Watch Collection
Hong Kong: Celebrating our inner brilliance, jewelry & watch designer and diamond painter Reena Ahluwalia has launched her first ever diamond watch collection. In her signature style, the timepieces spotlight mesmerizing diamond paintings by Reena on the dial in 3D. The watches are designed by Reena as Wrist Art. The central message is carried by her diamond painting for all
